1. WHO
IS INFORMATION BROKERAGE SYSTEMS AND WHAT KIND
OF PEOPLE WILL BE MANAGING MY MORTGAGE?
Information Brokerage Systems has been
in business providing biweekly mortgage service
since 1989. In 1995, we developed the Mortgage
Manager software program making it possible to
provide the biweekly service at no cost to the
homeowner. Our Lenexa business license number is
10011767. Our Dun & Bradstreet number is
79-922-3433. We’re also members of several
business organizations in Kansas including the
Shawnee Chamber of Commerce.
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2.
HOW LONG AM I COMMITTED TO YOUR SERVICE? WHAT IF
I DECIDE TO TRY IT, BUT LATER CHANGE MY
MIND?
Using the Mortgage Manager, even on
a trial basis, commits you in no way. Our
service is free so trying it costs you nothing.
If you’re unhappy, you can cancel at any time
without any obligation whatsoever. However, our
past experience tells us you’ll enjoy the
service and the savings so much you’ll be
telling your friends and relatives about it.
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3.
IS MY MORTGAGE PAYMENT PROTECTED WITH YOUR
SERVICE?
We all work hard for our money
and we want assurance that it’s fully protected.
We hear in the news everyday stories of
“fly-by-night” companies, embezzlement of huge
amounts of money, etc. With our biweekly
mortgage service, your funds are fully
protected, insured, and are at absolutely no
risk whatsoever.
All biweekly mortgage
service is done electronically and governed by
Regulation “E” of the Federal Reserve System.
Regulation “E” is a consumer protection law
which regulates the transfer of your funds. In
it’s simplest form, Regulation “E” states, “An
account holder has 120 days to contact their
bank to reverse any unauthorized electronic
debit to their account.* This can be verified at
your local bank or Federal Reserve location.
Our free software also allows you to
track and audit your mortgage payoff and savings
every step of the way by using a special code
number we send to you after a minimum of six
months on the service.
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4.
I THINK Ive HEARD OF THIS SERVICE BEFORE, BUT
IT WAS NEVER FREE. HOW CAN YOU PROVIDE SO MUCH
AT NO COST?
The Mortgage Manager competes
with over 600 banks and other private companies
who offer biweekly mortgage service. They ALL
charge a fee ranging from $395.00 to over
$1,000.00. We could easily do the same, but
homeowners who are just getting by (and who need
this service the most) have a hard time paying a
few hundred dollars even when it’s going to save
them thousands of dollars.)
When we
developed the Mortgage Manager we searched for a
way to eliminate this cost and provide the
service free. Volume is how we are able to still
generate revenues without charging the
homeowner. The Mortgage Manager is the most
popular and efficient mortgage service. Every
company has to generate revenue in order to
service their customers and stay in business,
however, our earnings don’t come out of your
pocket like they do with our competitors. We are
the only company in America who offers the
biweekly mortgage service free.
You’ll
notice a small banking service fee to process
your electronic transfers. This is something we
do not have any control over and do not profit
from. This fee can be compared to FREE cellular
phone calls on evenings and weekends. You still
pay 3 to 5 cents per minute which pay for taxes
and other things the phone companies have no
control over . This fee exists with all biweekly
mortgage service, even our competitors who
charge homeowners over $1,000.00 up front for
the service. Actually, you’re already paying
this small service fee (plus a whole lot more)
right now in lost savings each and every month
to your lender.
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